2Sem.ยท

Moderna Q1'25 Earnings Highlights

$MRNA (-2,58ย %)


๐Ÿ”น Revenue: $108M (est. $110.3M) ๐Ÿ”ด; -35% YoY

๐Ÿ”น Adj. EPS: -$2.52 (est. -$3.18) ๐ŸŸข; vs. -$3.07 YoY


FY25 Guidance

๐Ÿ”น Revenue: $1.5Bโ€“$2.5B (est. $2.13B) ๐ŸŸก

๐Ÿ”น R&D Expenses: ~$4.1B (est. $4.09B) ๐ŸŸก

๐Ÿ”น SG&A Expenses: ~$1.1B

๐Ÿ”น Cost of Sales: ~$1.2B

๐Ÿ”น CapEx: ~$0.4B

๐Ÿ”น YE Cash & Investments: ~$6B

๐Ÿ”น Tax: Minimal


Long-Term Cost Outlook

GAAP OpEx:

๐Ÿ”น FY26: $5.4Bโ€“$5.7B (prior: $5.9B)

๐Ÿ”น FY27: $4.7Bโ€“$5.0B

๐Ÿ”ธ Expected OpEx savings of $1.4Bโ€“$1.7B by FY27


Other Q1 Metrics:

๐Ÿ”น Net Loss: -$971M

๐Ÿ”น R&D Expenses: $856M; -19% YoY

๐Ÿ”น SG&A Expenses: $212M; -23% YoY

๐Ÿ”น Operating Loss: -$1.05B

๐Ÿ”น Cash & Investments: $8.4B (vs. $9.5B at FY24-end)

๐Ÿ”น Spikevax Sales: $84M (US: $29M | Intl: $55M)

๐Ÿ”น mRESVIA Sales (RSV): $2M


Strategic Highlights

๐Ÿ”ธ Advancing up to 10 products toward approval; oncology focus intensifies

๐Ÿ”ธ FDA PDUFA Dates:

โ€ƒโ€ƒโ€ข mRNA-1283 (Next-gen COVID): May 31, 2025

โ€ƒโ€ƒโ€ข mRNA-1345 (RSV, high-risk adults): June 12, 2025

๐Ÿ”ธ Phase 3 Readouts Expected:

โ€ƒโ€ƒโ€ข CMV, Norovirus, and Seasonal Flu

๐Ÿ”ธ RSV vaccine now approved in Australia, UK, Switzerland, Taiwan

๐Ÿ”ธ COVID demand expected to skew heavily to H2

๐Ÿ”ธ Flu/COVID combo (mRNA-1083) for 18โ€“49 deprioritized


Oncology & Rare Disease Pipeline Progress

๐Ÿ”ธ mRNA-4157 (intismeran autogene) in Phase 3 (Melanoma, NSCLC, RCC, Bladder)

๐Ÿ”ธ mRNA-4359 (Checkpoint AIM-T) added to pipeline; Phase 2 enrolling

๐Ÿ”ธ PA (mRNA-3927): Phase 1/2 registrational; early MDE reduction seen

๐Ÿ”ธ MMA (mRNA-3705): START program participant; pivotal trial starts 2025


CEO Stรฉphane Bancel Commentary

๐Ÿ”ธ โ€œWe are executing with financial discipline and sharpening focus on oncology. We reiterate our 2025 framework and expect to reduce our cost base by up to $1.7B by 2027. With multiple Phase 3 readouts ahead, we are confident in Modernaโ€™s long-term outlook.โ€

5
Participez ร  la conversation